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Kokomo Mayor Greg Goodnight

Mayor Greg Goodnight says Chrysler Corporation paying back $30 million it owes in property taxes over the next few years does not cover all the city's losses.

Mayor Greg Goodnight says the news that Chrysler Corporation will pay back $30 million it owes in property taxes over the next few years is good news for the city, but does not cover all Kokomo’s budget losses.  Goodnight says Chrysler will pay the county about $6 million this year, of which the city will receive about $4.5 million.  That helps offset the lion’s share of what the city cut from its budget due to recessionary pressures, meaning at best the city is treading water financially.

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